Borrower experience ยท Demo

Your goal

Buy a home in Portland, OR. Everything below works backwards from that.

Target location
Portland, OR
Target purchase price
$599,000
Comfortable monthly payment
$3,600/month
Target timeline
18-24 months

Your path

Where you are today, and what would need to change.

Cash

Needs work

Today: $8,100 saved

Needed: ~$48,000 for down payment and closing

Credit

Improving

Today: 35% utilization

Needed: Under 30% utilization

Income / DTI

Watch

Today: $1,640 monthly debt

Needed: Under $1,200 monthly debt

Monthly payment alignment

Watch

Today: Comfortable at $3,600

Needed: $599K scenario runs near $4,080

Your next actions

Three things that move the goal closer.

  1. 01

    Open a separate account for your home fund this week.

    Why: Keeping the fund separate is what makes the next 18 months measurable.

  2. 02

    Pay down the $5,200 student line by $300 per month.

    Why: Monthly obligations are what limit the payment your target price requires.

  3. 03

    Set a starting transfer of $700 per month.

    Why: Reserves are the largest distance between today and a $599K purchase.

1 of 5 current actions completed.

Your homebuying team

A

Andrew

Mortgage Advisor

Mentra is helping you work toward your homeownership goal between conversations with Andrew.